Activities:

• Identify and prioritise research projects with high potential for real-world impact.
• Establish innovation hubs to facilitate transition from labs to market-ready solutions.
• Provide funding, mentorship, and technical support to researchers.
• Develop pilot programs to test and refine solutions before scaling.

Business Impact:

• Create a pipeline of marketable products and services.
• Generate intellectual property and licensing opportunities.
• Foster partnerships with industries seeking innovative solutions.

Activities:

• Organise cross-sector workshops, hackathons, and innovation challenges.
• Develop co-working spaces and innovation labs for collaboration.
• Create online platforms for knowledge sharing and resource pooling.

Business Impact:

• Accelerate development by leveraging shared expertise and resources.
• Reduce duplication of efforts and costs through collaborative R&D.
• Strengthen Australia's position as a global innovation hub.

Activities:

• Conduct research and produce white papers for policymakers.
• Advocate for regulatory reforms supporting emerging technologies.
• Work with government agencies to design incentive programs.

Business Impact:

• Create a favourable regulatory environment for innovation.
• Increase funding opportunities aligned with national priorities.
• Reduce barriers to market entry for new technologies.

Activities:

• Launch awareness campaigns to educate the public.
• Host community events, webinars, and exhibitions.
• Partner with media outlets to highlight innovation stories.

Business Impact:

• Build public support, increasing adoption rates.
• Enhance reputation as leaders in addressing challenges.
• Attract more stakeholders, including volunteers and donors.

Activities:

• Establish Memoranda of Understanding with international organisations.
• Participate in global forums and conferences.
• Facilitate cross-border collaborations on universal challenges.

Business Impact:

• Access global markets and funding opportunities.
• Leverage international expertise and resources.
• Position Australia as a key player in global innovation networks.

Activities:

• Create targeted funding programs for specific grand challenges.
• Develop transparent application and evaluation processes.
• Partner with philanthropic organisations and sponsors.

Business Impact:

• Provide critical financial support for high-risk, high-reward projects.
• Attract top talent and organisations to work on challenges.
• Generate measurable social and environmental returns.

Activities:

• Develop a portfolio of investable ESG-aligned projects.
• Host investor forums to connect investors with projects.
• Provide training to help startups pitch to impact investors.

Business Impact:

• Mobilise private capital for dual-return projects.
• Create a sustainable funding model for long-term innovation.
• Strengthen Australia's impact investment ecosystem.

Activities:

• Facilitate joint ventures between government and private companies.
• Design risk-sharing models to encourage private sector participation.
• Monitor and evaluate PPPs for accountability.

Business Impact:

• Leverage public resources to de-risk private investments.
• Scale up solutions more quickly through combined efforts.
• Create new revenue streams through government contracts.

Activities:

• Develop incubators focused on social innovation for underserved communities.
• Provide grants and technical assistance to grassroots organisations.
• Measure and report on the social impact of funded projects.

Business Impact:

• Improve quality of life for marginalised communities.
• Build a more inclusive innovation ecosystem.
• Enhance reputation as a socially responsible organisation.